A number of companies have announced pay freezes in the past week or two. However, even if a significant proportion of the workforce foregoes a pay rise this year, we doubt that further sharp rises in unemployment can be avoided. We still expect unemployment to reach 3.5 million by the end of 2010.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services